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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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First restaurant tenant named for Waterside development

Zoes Kitchen will be the first restaurant tenant in Trademark Property's Whole Foods Market-anchored Waterside development in southwest Fort Worth,

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Mansfield apartments acquired

 

Dolce Living at Mansfield has been acquired by Advenir, a provider of multi-family real estate investment and management services, Now renamed Advenir@Mansfield, the complex is a 334-unit Class A apartment community located in Mansfield. No purchase price was reported. 


“Advenir@Mansfield is a top-of-the-market community that offers an extensive list of luxury amenities and highly desirable unit features similar to what you find at premier resorts including a state-of-the art fitness center, internet café and a resort-style swimming pool,” said Todd Linden, chief acquisition officer of Advenir. “The acquisition of Advenir@Mansfield at a favorable basis combined with securing long-term fixed rate 4.5% financing from Freddie Mac, will provide Advenir investors with a sound investment vehicle that has strong in-place cash on cash returns with minimal downside risk.”


Advenir plans minor capital improvements that will increase rental upside. The company will upgrade to wood flooring throughout the living space in specific unit types and add fenced backyards to further appeal to residents with pets.
Advenir@Mansfield is located directly along State Highway 360 and centrally within Mansfield. The complex boasts 1-, 2- and 3-bedroom luxury units ranging from 750 square feet to 1,400 square feet and includes custom cabinetry, stainless steel appliances and island- style kitchens with granite countertops.


Advenir represented itself in the property acquisition and financing was secured by Braden Harmon of Berkeley Point Capital. The Institutional Property Advisors Texas team led by Will Balthrope and Drew Kile represented the seller.
Founded in 1996, Advenir Inc. is a real estate investment company headquartered in Aventura, Fla.
 

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